Emerita Resources (CVE:EMO) Shares Down 14.2% – Should You Sell?

Emerita Resources Corp. (CVE:EMO) fell 14.2% during mid-day trading on Friday . The company traded as low as C$1.07 and last traded at C$1.15. 1,145,808 shares were traded during trading, an increase of 118% from the average session volume of 525,811 shares. The stock had previously closed at C$1.34.

Emerita Resources Stock Performance

The stock has a fifty day moving average of C$1.45 and a 200-day moving average of C$1.05. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The stock has a market cap of C$294.10 million, a PE ratio of -21.83 and a beta of 4.95.

Emerita Resources Company Profile

Emerita Resources Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Spain. It primarily explores for gold, silver, zinc, and copper deposits. The company is headquartered in Toronto, Canada.